DT Midstream (NYSE:DTM) PT Raised to $92.00

DT Midstream (NYSE:DTM - Get Free Report) had its price objective upped by investment analysts at Morgan Stanley from $82.00 to $92.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "underweight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 5.28% from the company's previous close.

Several other brokerages have also issued reports on DTM. Citigroup lifted their price target on shares of DT Midstream from $62.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th. Barclays lifted their price objective on DT Midstream from $76.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their price target on shares of DT Midstream from $77.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of DT Midstream from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of DT Midstream from $78.00 to $83.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $77.38.

DT Midstream Price Performance

Shares of DT Midstream stock traded down $0.56 during trading hours on Friday, reaching $87.39. The stock had a trading volume of 507,939 shares, compared to its average volume of 636,301. DT Midstream has a twelve month low of $51.17 and a twelve month high of $88.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock's 50 day moving average is $79.78 and its 200 day moving average is $72.29. The firm has a market capitalization of $8.49 billion, a PE ratio of 21.45 and a beta of 0.74.

DT Midstream (NYSE:DTM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same period in the prior year, the firm earned $0.93 EPS. Equities analysts expect that DT Midstream will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of DT Midstream by 324.3% in the third quarter. UMB Bank n.a. now owns 314 shares of the company's stock worth $25,000 after purchasing an additional 240 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in DT Midstream during the third quarter valued at $29,000. Family Firm Inc. purchased a new position in shares of DT Midstream during the 2nd quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new position in DT Midstream in the second quarter worth about $31,000. Finally, American National Bank lifted its stake in DT Midstream by 100.0% in the second quarter. American National Bank now owns 468 shares of the company's stock worth $33,000 after acquiring an additional 234 shares during the period. Institutional investors own 81.53% of the company's stock.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.